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Cable Update (GBPUSD)

  • #554,741
  • Oct 25, 2020 2:05pm Oct 25, 2020 2:05pm
Quoting OnlineAddict
{quote} XE doesn't show weekend quotes, they never did. They show somehow real numbers 2 hours before market close. And CNBC? They show either friday's close numbers or random numbers. IG shows real quotes, as they are the only ones who allow weekend trading on GU.
Log on to CNBC and XE right now, it is moving.
I will tear the world apart for you.
  • #554,742
  • Oct 25, 2020 2:07pm Oct 25, 2020 2:07pm
Quoting Barnell
{quote} Log on to CNBC and XE right now, it is moving.
Its 1 hour and 54 minutes before market opens...see my post.
Everyone can see the chart, but only a few can actually read it.
  • #554,743
  • Oct 25, 2020 2:41pm Oct 25, 2020 2:41pm
Quoting OnlineAddict
{quote} Its 1 hour and 54 minutes before market opens...see my post.
Alright, serious question, how does pre-market quotes impact the actual opening? Your thoughts?
I will tear the world apart for you.
  • #554,744
  • Oct 25, 2020 2:50pm Oct 25, 2020 2:50pm
Quoting OnlineAddict
IG shows real quotes, as they are the only ones who offer weekend trading on GU.
Weekend trading? Only of Cable? Or do they do other pairs too?
I will tear the world apart for you.
  • #554,745
  • Oct 25, 2020 2:55pm Oct 25, 2020 2:55pm
Quoting Barnell
{quote} Weekend trading? Only of Cable? Or do they do other pairs too?
Few more:
https://www.ig.com/en/weekend-trading
Everyone can see the chart, but only a few can actually read it.
  • #554,746
  • Oct 25, 2020 2:56pm Oct 25, 2020 2:56pm
Quoting Barnell
{quote} Alright, serious question, how does pre-market quotes impact the actual opening? Your thoughts?
Well, it opens with a gap...but if that actually means something is yet to see.
Everyone can see the chart, but only a few can actually read it.
  • #554,747
  • Oct 25, 2020 3:01pm Oct 25, 2020 3:01pm
Quoting Barnell
{quote} Alright, serious question, how does pre-market quotes impact the actual opening? Your thoughts?
as someone who has had many with trades not closed from the week before, i use them to amend my SL's or TP areas. Example of that weekend in September when EU said no deal looked a possibility I forgot to set my SL and went from a 3k profit to losing 6k the following day.
although on non news weekends those quotes can go either way just be careful
Insane in the Brain..
  • #554,748
  • Oct 25, 2020 3:21pm Oct 25, 2020 3:21pm
Quoting OnlineAddict
{quote} Well, it opens with a gap...but if that actually means something is yet to see.
If it doesn’t mean anything then it’ll close.
Que Sera
  • #554,749
  • Oct 25, 2020 3:26pm Oct 25, 2020 3:26pm
Quoting OnlineAddict
{quote} To me it started friday before market close and will continue when market opens.
For me it needs to open below that demand line & it’s been rejected @ same level 3 times. It goes up first imo.

Attached Image (click to enlarge)
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Que Sera
  • #554,750
  • Oct 25, 2020 3:27pm Oct 25, 2020 3:27pm
Quoting OnlineAddict
{quote} EU will turn bearish very soon.
Turn bearish soon ?

or for you did it start Friday?
Que Sera
  • #554,751
  • Oct 25, 2020 3:31pm Oct 25, 2020 3:31pm
Quoting Catempire
{quote} For me it needs to open below that demand line & it’s been rejected @ same level 3 times. It goes up first imo. {image}
You are talking about GU...I am talking about EU, so I will cut the conversation now, before we lose any more time with this.
Everyone can see the chart, but only a few can actually read it.
  • #554,752
  • Oct 25, 2020 3:34pm Oct 25, 2020 3:34pm
Quoting OnlineAddict
{quote} You are talking about GU...I am talking about EU, so I will cut the conversation now, before we lose any more time with this.
As above you said.

“EU will turn bearish very soon”

then.

“To me it started friday before market close and will continue when market opens. “

thus you’re talking out your arse.
Que Sera
  • #554,753
  • Oct 25, 2020 3:37pm Oct 25, 2020 3:37pm
Quoting BeeTogether
{quote} as someone who has had many with trades not closed from the week before, i use them to amend my SL's or TP areas. Example of that weekend in September when EU said no deal looked a possibility I forgot to set my SL and went from a 3k profit to losing 6k the following day. although on non news weekends those quotes can go either way just be careful
Your broker allows you to amend your SL/TP when markets are closed? Mine don't. I'm using Pepperstone.
I will tear the world apart for you.
  • #554,754
  • Oct 25, 2020 3:39pm Oct 25, 2020 3:39pm
Fack all confirmed on either tbh & if you take into account brexit optimism both will go higher.

imo.
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Que Sera
  • #554,755
  • Oct 25, 2020 3:39pm Oct 25, 2020 3:39pm
Quoting Catempire
{quote} As above you said. “EU will turn bearish very soon” then. “To me it started friday before market close and will continue when market opens. “ thus you’re talking out your arse.
Please stop responding to me, thank you!
Everyone can see the chart, but only a few can actually read it.
  • #554,756
  • Oct 25, 2020 3:56pm Oct 25, 2020 3:56pm
Here's my take on the GBPUSD, from the technical perspective of a swing trader. On the daily time frame, on September 8, price action broke below the 1.30400 area, which was a previous horizontal support, and it is retesting it. Last week Thursday, price action printed a bearish candlestick in the area, but the Friday candlestick print was somewhat ambivalent. We should await what price action does in the early part of this week.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #554,757
  • Oct 25, 2020 4:07pm Oct 25, 2020 4:07pm
Quoting KeenPips
Here's my take on the GBPUSD, from the technical perspective of a swing trader. On the daily time frame, on September 8, price action broke below the 1.30400 area, which was a previous horizontal support, and it is retesting it. Last week Thursday, price action printed a bearish candlestick in the area, but the Friday candlestick print was somewhat ambivalent. We should await what price action does in the early part of this week. I may be wrong. Trade safe and prosper. KP {image}
Agreed.

nothings confirmed.
Que Sera
  • #554,758
  • Oct 25, 2020 4:33pm Oct 25, 2020 4:33pm
Quoting Not-KPMG
{quote} If you're new.... you should know GU is the most fake, dirty , lying currency pair you can find. Maybe START something easier??
you can add Nasty and Vicious too

  • #554,759
  • Oct 25, 2020 4:40pm Oct 25, 2020 4:40pm
[quote=Coreg2004;13228257]{quote} TerpFan2. in the past, I identified myself here on the FF forum as a Miner's, Fischer's, Sperandeo's, Carney's, and Raschke's disciple... When I recognized that you post charts using Miner's software Dynamic Trader I knew right away we will be on the same page with our TA.

Love it Coreg!

Now,
Now come's the "What if" Thinking... eh?

So we are in a 'Pickle' between 'Rules' and Guidlines.
For those who rather not (I don't blame you), -Rather Most
Definitely NoT read my 'Comic' Strip here, we have some of the following,
occurred, for those of us in the 'Elliot Wave' camp:
_ Wave-3's Retracement, -(again, "IF" you were calling that Wave-3),
Became "DEEPER", than the Normal 23.6 / 38.2 Level's. -LooK it Up,
It BRING's in to Question, "Was that Giant Wave, Really a Wave-3 OR-
And End of Wave-C ?"
_ *Also, Side Note: Wave-C's are usually partitioned w/it's last Wave-C of "C",
INTO Five Waves.
_ Wave-4, (again, if you're calling it that), Traveled "INTO" the Area of Wave-1.
Apparently, Commodities that's fine, I've honestly just jumped back into Forex
End of year again, here. -You be the Judges.

Bottom Line: Leave's us w/ALOT of Q's as to what the Market's going to do.
Make it's own mind up, follow "guidelines" or "do something different"?
Best Decisions to all of us, as we move about,

Jeff Out
Attached Image (click to enlarge)
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I will work to Objectively Identify my Edges
  • #554,760
  • Oct 25, 2020 4:54pm Oct 25, 2020 4:54pm
Quoting epzero
In the past 2 years cable has been trading btw 1.354 and 1.200 which is only about 1540pips, so anyone buying or selling at 1.27 is safe, market will always buy and sell so just have a good money management and you won't blow up your account. Market will always buy and sell so let's forget about the all news drama and enjoy the market both ways.
This is what the thread is expecting from members. More positive perspective than negatives. You are doing well. Keep it up.
No hating.

Stay Blessed.
Le$$ I$ More
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